According to a recent article in the Atlanta Journal and Constitution, saavy investors are taking advantage of the ability to buy low in today's slow market.
When interest rates were at all-time lows and mortgage companies were offering creative packages to get people into houses, many people got loans that offered the first 1-2 years as interest only loans. The idea was that people could go ahead and get into a house with low payments, and after a year or two, the payments would increase. Boy, did they increase!
I received calls from many owners who had payments double! These owners, despite their best efforts, were not able to keep up with the payments and they lost their homes. As a matter of fact, Georgia is leading the nation right now in forclosures.
The deals - they are really everywhere. But what would you do with an investment property?
You rent it out. There will be a big market for rentals in the next 3 years because so many people who lost their homes will be renting while they rebuild their credit. And you will have a nice property that they would love to live in.
I can show you a very specific formula that will help you know what kind of cash flow you can expect from your rental property. I can find a perfect property for you to buy as an investment and I can share with you my very best tips on attracting and keeping a perfect tenant. Give me a call today and let me show you how to get someone to pay your mortgage for you while your property increases in value. 770.862.8002
Michael Bradford
Southern Prime Realty
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